BOSTON, MA -- (Marketwire) -- 04/11/12 -- Currensee (www.currensee.com), the industry's first foreign exchange (Forex) alternative investment service, today announced that it has inked partnership deals with more than 100 institutions. These businesses are now actively marketing the Currensee Trade Leaders Investment Program to their client bases, which include asset managers, hedge funds, family offices, introducing brokers and other financial institutions. This first-of-its-kind alternative investment program provides investors and financial institutions with access to the uncorrelated returns of the Forex markets by building their own "funds" of emerging Forex managers called Trade Leaders.
Launched in October 2010 for retail investors and then in November 2011 for institutional investors and their clients, the Trade Leaders Investment Program now has more than $30 million in assets under management, with more than $26 billion in volume traded through the service.
"The abundant liquidity of the Forex markets has given rise to a new breed of professional-level traders," said Javier Paz, Aite Group senior analyst. "This development, along with the popularization of trade-replication technology and prudent copy-trading rules, are the biggest developments in institutional investing since the creation of hedge funds."
Core to the program's success is the performance of Trade Leaders, the elite network of emerging Forex managers recruited by Currensee through a series of rigorous analyses and due diligence practices. Currensee delivers Trade Leaders' performances, risk management practices, trading strategies and other information through detailed Trade Leader profiles. Investors in the program build diversified portfolios of Trade Leaders, and when the Trade Leader trades, those trades are automatically executed in the investors' accounts. Financial institutions have access to robust controls that help them manage investor risk in real time.
During the last year, the Currensee Trade Leaders cumulatively outperformed other popular investments such as the S&P 500, Gold and the Barclay CTA Index. For the six-month period ending March 31, 2012, the Trade Leaders averaged a 23.9-percent cumulative return compared to Gold, which returned 2.5 percent.
"Institutions recognize that Currensee is revolutionizing the managed accounts business," said Currensee CEO Dave Lemont. "By providing institutions with the ability to manage multiple managers in the same account, make allocation decisions in real time and implement robust risk management controls, we've created a groundbreaking offering that changes the entire industry."
Currensee is the industry's first Forex alternative investment service providing investors and financial institutions with access to the world currency markets in a first-of-its-kind, transparent, convenient and trusted way. Using Currensee, investors can build their own "funds" of emerging Forex managers, control risk, make real-time portfolios changes and achieve diversification by leveraging the uncorrelated returns of the Forex market. Currensee is funded by North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital. Currensee is registered with the Commodity Futures Trading Commission (CFTC) as an Introducing Broker (IB) and is a member of the National Futures Association (NFA) member number 0403251. Currensee is also authorized by the Financial Services Authority (FSA), firm reference number 518648, and registered in England and Wales, companies' house number 07025997. For more information, visit Currensee at www.currensee.com.
InkHouse (on behalf of Currensee)